Problem $11-15$

S Corporations $($LO $11\mathrm{.}6)$

Bill and Guilda each own $50$ percent of the stock of Radiata Corporation, an S

corporation. Guilda's basis in her stock is $$21,000.$ On May $26,2022,$ Bill sells his

stock, with a basis of $$40,000,$ to Loraine for $$50,000.$ For the $2022$ tax year,

Radiata Corporation has a loss of $$104,000.$

Round your final answers to the nearest dollar. Use a $365-$day year in

your computations.

a$.$ Calculate the amount of the corporation's loss that may be deducted by Bill on

his $2022$ tax return.

$$,x$

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b$.$ Calculate the amount of the corporation's loss that may be deducted by

Guilda on her $2022$ tax return.

$

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Correct

c$.$ Calculate the amount of the corporation's loss that may be deducted by

Loraine on her $2022$ tax return.

$ $x$